TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC
  1. TMC is currently READ ONLY.
    Click here for more info.

$50k Deposit

Discussion in 'Roadster 2022' started by ShadowR55, Aug 12, 2019.

  1. ShadowR55

    ShadowR55 Member

    Joined:
    Jul 1, 2016
    Messages:
    173
    Location:
    Florida
    Do you think they will ever lower the deposit amount to something reasonable like $5 or $10k? I would love to order one but unless they are going to pay me 7% interest while using my money then I will not be putting a deposit down on one. Heck they can even make it a $5k non-refundable deposit.
     
    • Like x 5
  2. Grenadine

    Grenadine Member

    Joined:
    Jul 8, 2019
    Messages:
    536
    Location:
    Brisbane, Australia
    That makes no sense unless you assume the car is more than 18 months away. At 18 months, you break even between the two scenarios you described.
     
    • Like x 1
    • Disagree x 1
  3. ShadowR55

    ShadowR55 Member

    Joined:
    Jul 1, 2016
    Messages:
    173
    Location:
    Florida
    Have you seen Tesla’s track record on timelines? I don’t think we will see it for another 2 years, possibly a 2021-22model.
     
    • Like x 4
    • Funny x 2
  4. TampaRich

    TampaRich Member

    Joined:
    Jul 7, 2013
    Messages:
    420
    Location:
    Tampa, FL
    $50k plus interest = cost of being one of the first.
     
    • Like x 4
    • Disagree x 1
    • Funny x 1
  5. MargaretMathes

    MargaretMathes New Member

    Joined:
    Aug 8, 2019
    Messages:
    1
    Location:
    New Yorik
    this 50k deposit direct deduct on your last term of payment? or refunded after full payment.
     
    • Informative x 1
  6. HumanGenome

    HumanGenome Member

    Joined:
    Oct 11, 2014
    Messages:
    424
    Location:
    Sacramento, CA
    Yes they will eventually mass produce these so I am sure they will lower the deposit to $5 or $10k.

    They want to sell more and the way to do that is via financing with low enough down payments.

    Tesla is not in a position to make a limited edition vehicle. They need money.
     
    • Funny x 2
  7. tstafford

    tstafford Active Member

    Joined:
    Jul 4, 2015
    Messages:
    1,039
    Location:
    Nashville, TN
    I agree. I don't expect to see any cars in 2020.

    But to the OP's question - I think it would have to be viewed as a pretty bad sign if Tesla dropped the deposit before delivering any cars. Would be seen as a cash grab. Not that they're above that. . .
     
    • Disagree x 2
  8. kayleia

    kayleia Member

    Joined:
    Mar 7, 2019
    Messages:
    40
    Location:
    IL
    Realistically, if something were to happen to Tesla and the Roadster doesn't happen, would we get our deposits back?
     
  9. Nded

    Nded Member

    Joined:
    Feb 10, 2018
    Messages:
    22
    Location:
    Florida
    You pay your money and you take your chances.

    The way I see it, if you can afford to own a $200K car, losing $50K due to some unexpected circumstances is not going to be the end of your world.
     
    • Like x 2
  10. tstafford

    tstafford Active Member

    Joined:
    Jul 4, 2015
    Messages:
    1,039
    Location:
    Nashville, TN
    Seems highly unlikely that Tesla completely folds. Someone would take it on along with the obligations.

    If it were to go thru restructuring I'd expect we'd be amongst the creditors - not a great position at all. But again, far fetched.
     
    • Like x 1
  11. MaxPowers

    MaxPowers Member

    Joined:
    Nov 22, 2018
    Messages:
    127
    Location:
    NW Pacific
    Yes, 1st world problems are nice to have :)
     
    • Like x 1
  12. nikity

    nikity Member

    Joined:
    Sep 30, 2019
    Messages:
    10
    Location:
    London
    which bank pays 7% interest on a 5k deposit?
     
    • Like x 3
    • Funny x 1
    • Love x 1
  13. AMPd

    AMPd Active Member

    Joined:
    Nov 27, 2012
    Messages:
    4,245
    Location:
    Northern California
    Methinks he’s talking about investments rather than bank interest.
     
    • Informative x 1
  14. nikity

    nikity Member

    Joined:
    Sep 30, 2019
    Messages:
    10
    Location:
    London
    ohh I just got it. anyways investments is not a sure bet. you may loose your money as well.
     
    • Like x 1
  15. Lloyd

    Lloyd Well-Known Member

    Joined:
    Jan 12, 2011
    Messages:
    6,252
    Location:
    San Luis Obispo, CA
    You would be an unsecured creditor. Basically last in line! I know first hand. Look up eclipse bankruptcy.
     
    • Like x 1
  16. daviddfann

    daviddfann Member

    Joined:
    Oct 31, 2019
    Messages:
    8
    Location:
    Canada
    at this rate, 50k in TSLA shares = Roadster by the time its out
     
    • Like x 5
  17. Pinot.Noir

    Pinot.Noir Member

    Joined:
    Feb 28, 2014
    Messages:
    773
    Location:
    Livermore, CA
    No deposit until release date is fixed. $50k over the last year became $56k based on my most basic index fund, and most of my investments have done much better. No way I'm giving up thousands of dollars to get it 6 months earlier. That is a lot of wine!
     
    • Like x 3
  18. hoxtrade

    hoxtrade Banned

    Joined:
    Nov 12, 2019
    Messages:
    6
    Location:
    USA
    nice question there
     
  19. 1LE McQueen

    1LE McQueen Member

    Joined:
    Mar 22, 2019
    Messages:
    124
    Location:
    Arizona
    I'd love to know what you all do, to be able to afford a 50k pre-order down payment on a 200k car. Then I will happily try to enter your field of work.
     
    • Informative x 1
    • Funny x 1
  20. omega731

    omega731 Member

    Joined:
    Sep 2, 2015
    Messages:
    54
    Location:
    Elk Grove, CA
    Pharmacist...
     
    • Like x 2

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC